Property Overview
101 Riley Crescent is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1953, it sits on a generous 6,486 sqft lot that is above average in size citywide. The home itself, at 964 sqft of living space, is more compact than many in the immediate area, but benefits from a renovated basement. A detached garage completes the property.
The appeal here is rooted in land value and location. The lot size offers excellent potential for expansion, gardening, or outdoor living relative to many city properties. Its most recent sale price significantly outperformed neighbourhood and street averages, indicating strong market recognition for this specific parcel. This is a property for a practical buyer: perhaps a first-time homeowner comfortable with a cozy main floor, a downsizer seeking a manageable footprint on a desirable lot, or an investor looking at the long-term value of the land and the income potential from the renovated basement suite. It suits someone who sees the structure not as a finished product, but as a solid foundation on a prime piece of land.
Frequently Asked Questions
How does the lot size compare?
The 6,486 sqft lot is a key feature. It ranks above average citywide (in the top 23%), meaning you get more outdoor space than most Winnipeg properties, though it is more typical for the Crescent Park area.
Is the house particularly small?
Yes, the 964 sqft living area is below average for both the street and the broader neighbourhood. This suggests a cozy, efficient layout. The renovated basement, however, adds functional space.
What does the sale history indicate?
The property sold in July 2022 for $48,500, a price that ranked in the top 4% on its street and top 18% in the neighbourhood at that time. This strong performance suggests the market places a premium on this home's specific combination of lot and location.
What type of neighbourhood is Crescent Park?
The provided data shows the home's assessed value and recent sale price are competitive within Crescent Park, indicating it's a stable, established area. For more details on schools, amenities, and character, further local research is recommended.
What are the main considerations for a buyer?
A buyer should balance the benefits of the large lot and recent basement renovation against the compact size of the main living area, which is smaller than most nearby homes. The 1953 build date also suggests potential for future updates. It's a property where the land is a significant driver of its value.